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Search Results 0 to 10 of about 11 (some duplicates have been removed)
NBC
Oct 8, 2012 2:05am EDT
to specify where the deductions are. you can't increase defense spending, extend the bush cuts, 20% on top of that, and just say, no, it's going to be ok, we'll grow our way into it. that does raise a fair amount of scrutiny. >> sure. i think that's legitimate. first of all, romney has said to the degree they can't get the loopholes closed in congress, he'll reduce the tax credit. that he'll stick to the principle that it will pay for itself. there's a general argument over whether you should count economic growth. simpson and bowles don't count economic growth. two harvard experts said higher growth. third, romney has an energy plan which expanding american oil and gas. the royalties alone are worth $750 billion a year to the federal government. fourth, look carefully at what romney said, that the true supply sides don't necessarily love but it's good politics. he said i will close enough deductions that wealthy americans will not get a net tax cut. now, that's a pretty clear description. >> let me just say this. standing on the stage with you in arizona, this is what mitt romney
MSNBC
Oct 7, 2012 2:00pm EDT
deductions are, you can't increase defense spending, extend the bush tax cuts, do 20% on top of that and just say, well no, it's going to be okay. we'll grow our way into it. that does raise a fair amount of scrutiny. >> sure. i think that's legitimate. first of all. romney has said to the degree they can't get the loopholes closed in congress, he'll reduce the tax break. that he's going to stick to the principle, it's going to pay for itself. second, there's a genuine intellectual argument over whether he should count economic growth. simpson and bowles don't count economic growth. harvard report came out and said $58 billion a year higher growth. third, romney has an energy plan which dramatically expands american oil and gas, the royalties alone are worth $750 billion over the next 20 years. to the federal government. fourth, i think you got to look carefully at how romney structured it. what he said is something that frankly true supply side is, it's good politics. he said, i will close enough deductions that wealthy americans will not get a net tax cut. that's a clear descriptio
Search Results 0 to 10 of about 11 (some duplicates have been removed)